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Domain-Specific Vocabulary
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PPR.074 Domain-Specific Vocabulary
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Read the passage. The business class discussed marginal cost. If making 50 notebooks costs $100 and making 51 notebooks costs $102, the marginal cost of the extra notebook is $2. What does "marginal cost" mean here?
A
the added cost of producing one more unit
B
the price customers hope to pay later
C
the total money collected from all sales
D
the average cost of every unit already made
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